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DOJ investigating alleged multi-million dollar hack of cryptocurrency FTX
Just the News ^ | Updated: December 27, 2022 - 6:31pm | Ben Whedon

Posted on 12/27/2022 5:42:36 PM PST by E. Pluribus Unum

The Department of Justice is reportedly investigating an alleged hack of the cryptocurrency exchange FTX that resulted in the theft of $372 million from the firm just after it filed for bankruptcy.

New FTX CEO John J. Ray III previously stated that the firm had witnessed "unauthorized access" to its assets, prompting the DOJ inquiry, according to the Washington Examiner. The DOJ has thus far been able to freeze only a small portion of the stolen digital assets.

Ray has been a vocal critic of the company's prior management, telling Congress that the company was utterly devoid of meaningful oversight and risk-assessment safeguards to prevent its collapse.

"The issue here I was speaking to is I've never seen an utter lack of record keeping, absolutely no internal controls whatsoever," he said. "It's really unprecedented in terms of the lack of documentation."

The cryptocurrency exchange suffered a sudden collapse in November when many of its investors simultaneously attempted to withdraw their stakes from the firm, rendering it unable to fully remunerate them. Reports quickly emerged of missing assets and alleged fraud.

FTX founder Sam Bankman-Fried is currently under house arrest at his parents' California home after posting assets to gain his release against a $250 million bail. He faces a litany of federal charges.

His business associates, former Alameda Research CEO Caroline Ellison and FTX cofounder Gary Wang, meanwhile have both pleaded guilty to criminal fraud charges and are cooperating with prosecutors.

(Excerpt) Read more at justthenews.com ...


TOPICS: Crime/Corruption; Front Page News; Government; Politics/Elections
KEYWORDS: ftx
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1 posted on 12/27/2022 5:42:36 PM PST by E. Pluribus Unum
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To: E. Pluribus Unum

“Hack” my Aunt Fanny.

L


2 posted on 12/27/2022 5:45:43 PM PST by Lurker (Peaceful coexistence with the Left is not possible. Stop pretending that it is.)
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To: Lurker

Hack? Like with a cloth?


3 posted on 12/27/2022 5:47:37 PM PST by Organic Panic (Democrats. Memories as short as Joe Biden's eyes)
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To: E. Pluribus Unum

DOJ personnel, speaking from their new Bugattis, said they would get to the bottom of the hack as quickly as possible.


4 posted on 12/27/2022 5:49:19 PM PST by coloradan (They're not the mainstream media, they're the gaslight media. It's what they do. )
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To: E. Pluribus Unum

The DOJ is investigating? My azz.


5 posted on 12/27/2022 5:50:20 PM PST by laplata (They want each crisis to take the greatest toll possible.)
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To: E. Pluribus Unum

Just a prelude to claiming Russia is responsible.


6 posted on 12/27/2022 5:50:43 PM PST by patriot torch
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To: Organic Panic

It was Mr. Green, with a Wrench, in the Study.


7 posted on 12/27/2022 5:53:56 PM PST by monkeyshine (live and let live is dead)
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To: laplata

They definitely are investigating.

There is even a small probability they will keep it if they can find it first.

However if they find out and can prove that some other gov’t has it they might agree to taking a percentage, depending which one it is of course


8 posted on 12/27/2022 5:56:32 PM PST by algore
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To: algore

You nailed it perfectly.

The US Government is a Criminal Enterprise.


9 posted on 12/27/2022 6:01:00 PM PST by laplata (They want each crisis to take the greatest toll possible.)
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To: E. Pluribus Unum

Look no further than the DNC and Joe Biden’s offshore bank accounts.


10 posted on 12/27/2022 6:03:17 PM PST by Newtoidaho (All I ask of living is to have no chains on me.)
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To: E. Pluribus Unum

Follow the money. Maxine Waters blowing kisses at SBF? Money laundered through UKR? Pelosi retirement fund?


11 posted on 12/27/2022 6:03:36 PM PST by SERKIT ("Blazing Saddles" explains it all.......)
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To: E. Pluribus Unum

“The love of money is the root of all evil.”

—God


12 posted on 12/27/2022 6:11:05 PM PST by dadfly ( )
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To: E. Pluribus Unum

It wuz unauthorized access what stole al the money. Yeah that’s the ticket, unauthorized access.

How stupid does the DoJ think we are? Extremely stupid, apparently, since they know they will get away with this and laugh in our faces while doing it.


13 posted on 12/27/2022 6:16:32 PM PST by Chewbarkah
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To: E. Pluribus Unum

Sure— come ON, people— this wasn’t a HACK! Look how they are trying to protect all the thieving demonrats who got money this a@@hole Friedman STOLE. He STOLE the cryptocurrency. The DOJ is inventing this shite.


14 posted on 12/27/2022 6:24:05 PM PST by John S Mosby (Sic Semper Tyrannis,)
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To: E. Pluribus Unum

Better call CrowdStrike in to investigate.


15 posted on 12/27/2022 6:27:35 PM PST by mass55th ("Courage is being scared to death, but saddling up anyway." ~~ John Wayne )
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To: E. Pluribus Unum

Corzine did the same thing
stole customer funds (here it is not as clear. it is customer funds but my limited understanding is they were in most cases on loan to the exchange and earning interest?)

Corzine was banned from Wall St. Not a day in jail and no clawback of immense Dem donor funds obtained illegally.

I’ll be mildly surprised despite all of the huffing and puffing if SBF goes to jail.


16 posted on 12/27/2022 6:29:02 PM PST by Freest Republican (This space for rent)
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To: E. Pluribus Unum

I’m sure they’ll get right to the bottom of it.


17 posted on 12/27/2022 6:31:06 PM PST by bk1000 (Banned from Breitbart)
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To: Freest Republican

Corzine went on to become a senator and a governor.


18 posted on 12/27/2022 6:34:31 PM PST by bankwalker (Repeal the 19th ...)
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To: E. Pluribus Unum
FTX founder Sam Bankman-Fried is currently under house arrest at his parents’ California home after posting assets to gain his release against a $250 million bail. <<<

in other words..they didn't put up a penny ...

19 posted on 12/27/2022 6:38:37 PM PST by M-cubed (The MSM is now the 4th Branch of Government.....)
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It was prolly Trump engaging in his usual shenanigans with his pal Putin. The walls, they be closing in


20 posted on 12/27/2022 6:39:35 PM PST by dsrtsage ( Complexity is just simple lacking imagination)
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